GOV.UK
GRUPO BIMBO UK LIMITED
Company number: 04571039
Reporting period:
1 January 2019
to 30 June 2019
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 10 October 2019
and approved by John Stratton
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 53%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 19 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
60 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Suppliers with invoice queries can contact the Financial Services team either via the email address buk.accountspayable@grupobimbo.com or via telephone on 01709 580840. The Financial Services team will respond to the supplier with a resolution in a timely fashion. The Financial Services team will proactively get in contact with the supplier if they identify a query of their own.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
Does this business offer e-invoicing in relation to qualifying contracts? This is where suppliers can electronically submit and track invoices. It’s not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance? This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No